Pre Session: Sensex set to open flat ahead of RBI policy; rate sensitive stocks in focus : 07/12/2016 08:36
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Indian equity benchmarks are likely to open on flat note on Wednesday ahead of the Reserve Bank of India’s fifth bi-monthly monetary policy review later in the day, tracking muted cues from Asian peers. The market is anticipating 25 bps cut in interest rate, while some expecting a 50 bps reduction, to combat the on-going demonetisation shock with November inflation staying in a comfortable territory of around 4 per cent. Rate-sensitive stocks such as financial, auto and realty will remain in focus today. Muted trend in the SGX Nifty Index Futures for December delivery which were trading at 8,175.50, up by 2.50 points or 0.03 per cent, at 10:58 AM Singapore time, signal that the Sensex may open flat to positive today.
On Tuesday, the Indian benchmark indices ended higher for the second day ahead of a Reserve Bank of India policy review on Wednesday, tracking firm cues from fellow Asian peers. The market is expecting rate action by RBI due to low inflation data and expectations of a further strengthen in deflationary forces. The 30-share benchmark index closed trade at 26392.76, up by 43.66 points or by 0.17 per cent, and the NSE Nifty ended at 8143.15, up by 14.4 points or by 0.18 per cent.
On the global front, Asian stocks edged higher in lackluster trade in lack of any major trigger and absence of any macro data, while Japan’s Nikkei 225 remained closed today. In overnight trade, Wall Street ended higher on Tuesday with the Dow Jones industrial hitting another record high as strong services sector data pointed to a strengthening economy.
Top traded Volumes on NSE Nifty were State Bank of India 10048459.00, Hindalco Industries Ltd. 8668165.00, Tata Power Company Ltd. 8017447.00, ICICI Bank Ltd. 7577438.00, Axis Bank Ltd. 5465618.00.
On NSE, total number of shares traded was 78.79 Crore and total turnover stood at Rs. 13676.35 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 163572 with a total turnover of Rs. 10777.71 Crore. Along with this total number of contracts traded in stock futures were 349363 with a total turnover of Rs. 23875.85 Crore. Total numbers of contracts for index options were 2070489 with a total turnover of Rs. 138439.97 Crore and total numbers of contracts for stock options were 184303 with a total turnover of Rs. 13238.62 Crore.
The FIIs on December 06, 2016 stood as net seller in both equity and debt segment. Gross equity purchased stood at Rs. 3386.98 Crore and gross debt purchased stood at Rs. 972.76 Crore, while the gross equity sold stood at Rs. 3665.53 Crore and gross debt sold stood at Rs. 10501.80 Crore. Therefore, the net investment of equity and debt reported were Rs. -278.55 Crore and Rs. -9529.04.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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On Tuesday, the Indian benchmark indices ended higher for the second day ahead of a Reserve Bank of India policy review on Wednesday, tracking firm cues from fellow Asian peers. The market is expecting rate action by RBI due to low inflation data and expectations of a further strengthen in deflationary forces. The 30-share benchmark index closed trade at 26392.76, up by 43.66 points or by 0.17 per cent, and the NSE Nifty ended at 8143.15, up by 14.4 points or by 0.18 per cent.
On the global front, Asian stocks edged higher in lackluster trade in lack of any major trigger and absence of any macro data, while Japan’s Nikkei 225 remained closed today. In overnight trade, Wall Street ended higher on Tuesday with the Dow Jones industrial hitting another record high as strong services sector data pointed to a strengthening economy.
Top traded Volumes on NSE Nifty were State Bank of India 10048459.00, Hindalco Industries Ltd. 8668165.00, Tata Power Company Ltd. 8017447.00, ICICI Bank Ltd. 7577438.00, Axis Bank Ltd. 5465618.00.
On NSE, total number of shares traded was 78.79 Crore and total turnover stood at Rs. 13676.35 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 163572 with a total turnover of Rs. 10777.71 Crore. Along with this total number of contracts traded in stock futures were 349363 with a total turnover of Rs. 23875.85 Crore. Total numbers of contracts for index options were 2070489 with a total turnover of Rs. 138439.97 Crore and total numbers of contracts for stock options were 184303 with a total turnover of Rs. 13238.62 Crore.
The FIIs on December 06, 2016 stood as net seller in both equity and debt segment. Gross equity purchased stood at Rs. 3386.98 Crore and gross debt purchased stood at Rs. 972.76 Crore, while the gross equity sold stood at Rs. 3665.53 Crore and gross debt sold stood at Rs. 10501.80 Crore. Therefore, the net investment of equity and debt reported were Rs. -278.55 Crore and Rs. -9529.04.
